iExec: the Marketplace for Cloud Resources

iExec describes themselves as an innovative market network where everyone can monetize their applications, servers, and data-sets. It is an Ethereum-based technology, and they’ve set a goal to contribute to building a virtual Cloud infrastructure with high-performance computing services.

iExec’s idea is to provide DApps within a wide range of fields, from High-Performance Computing to Internet-of-Things with secure, scalable, and easy access to computing resources.

Who’s Going to Benefit from iExec

iExec provides developers with an SDK that contains the tools and Smart Contract libraries to start building their own project. Future projects will be rewarded with RLC tokens.

App developers can monetize their applications on the iExec Dapp Store. Anyone can become a Provider and earn tokens by renting their computing resources through the iExec marketplace.

Server providers with some spare servers can also join the iExec network and rent out their server space. And in 2019, the iExec team plans to help monetize database usage and open new markets

Team and Vision

The iExec team includes both scientists, top-notch marketers, as well as engineers. Their core values are decentralization, innovation, environment, and freedom. The background technology of iExec has been developed by research scientists at the INRIA and CNRS institutes in the field of Desktop Grid Computing, which allows the harnessing of thousands of distributed nodes to execute very large parallel applications.

The team also promotes the idea that iExec’s software, protocols, and algorithms are the foundations for a new Internet and sustainable digital world.

RLC Token

RLC stands for “Run on Lots of Computers” and it is an ERC20 token that provides standard and secure payments. RLC can be securely and easily stored, transferred, traded, divided, and used to make payments. Moreover, with RLC, anyone can get access to the iExec resources, and pay with RLC tokens on a pay-as-you-go basis. 87 million RLC are currently in circulation, which means a lot of businesses can make use of them to buy computing power.

On the 19th of April, 2017, RLC tokens sold out in less than 2 hours and 45 minutes, making it the 5th largest ICO.

How to Get RLC?

Lumi Wallet is a secure and convenient wallet that is perfect for storing, sending, and exchanging RLC tokens. And that’s not it — you can buy RLC tokens with the help of our in-wallet exchange powered by Changelly.

All you have to do is to look for RLC wallet in the list (you can do it just by starting to type in the name of the project or a token), tick the box, and you’re all set!

You can easily exchange your crypto for RLC just by clicking on the Exchange button, filling in the desired amount of tokens, and confirming the transaction afterward.

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